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Cruise stocks dive as recession fears circulate in the stock market

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Yahoo Finance Live checks out the decline in major cruiseline stocks.

Video Transcript

- Well, my stock, or in this case stocks to watch, are the big three cruise lines, all sinking today. Norwegian, Royal Caribbean, Carnival, the three biggest losers in the S&P today, each down 11%-plus on the day. Now, airlines were down in comparison, but did not struggle nearly to this extent. Norwegian has fallen now 53%, Royal Caribbean 56%, and Carnival 59% year to date. Now, bookings expected to bounce back. But they're still in a deep hole compared to 2019 levels.

Analysts believe big discounts will be needed to return to pre-pandemic numbers. So while the stocks are struggling, you might find some deals this summer. All three on their websites right now advertising sales between 30% and 40% off.